Overview – Wednesday – March 20

8:30am – 9:00am

REGISTRATION

9:00am – 9:10am

WELCOME

9:10am – 9:50am

OVER THE POLICY HORIZON: THE NEW RULES AND REGULATIONS SHAPING OUR FUTURE

The rules governing advice, superannuation and retirement are being redefined following substantial reports and recommendations handed down by the Productivity Commission and the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in recent months. Hear from regulators and public policy experts right in the thick of the changes as they look over the horizon to map out what the future holds.

  • How will financial planners and the advice landscape change and adapt in the post Royal Commission world?
  • What’s next for retirement income covenants following the Productivity Commission’s recommendations?
  • What does a fee model for advice in retirement look like post Hayne royal commission and Productivity Commission-report world?
  • How will the new delineation of responsibilities between APRA and ASIC impact regulation and compliance?

Joanna Bird

Senior executive leader, financial advisers, ASIC

Chair

Deborah Ralston

Chair, SMSF Association

9:50am – 10:30am

THE CRUCIAL ROLE OF THE FINANCIAL ADVISER ALONG RETIREMENT’S JOURNEY

The unique and differentiated risks (sequencing, longevity, inflation) and client needs for retirement demand specialist skills and solutions. This session will explore the critical role advisers play in guiding clients through the complexities.

  • What opportunities are there for retirement advice specialists?
  • How do advisers adapt their value proposition as clients move into retirement?
  • How to solve the maths complexities of a generation moving from accumulation to decumulation phase.
  • What are innovative strategy solutions for retirees in decumulation phase?
  • How to re-evaluate business models, processes and the value created for clients to ensure improved retirement outcomes.

Alan Freshwater

Financial adviser, RI advice

Miriam Herold

Head of research, Centrepoint Alliance

Jacqui Lennon

Head of customer experience and product, Allianz Retire+

Chair

Jason Andriessen

Director, CoreData Consulting

10:30am – 11:00am

MORNING TEA

11:00am – 11:40am

PORTFOLIO CONSTRUCTION FOR DECUMULATION

This session will look at strategies that seek to solve the riddle of how to draw dependable income on a declining asset base.

  • How advisers can build more resilient strategies for decumulation.
  • How to achieve more dependable income while providing exposure to growth with lower drawdown risk and volatility.
  • How to manage clients’ sensitivity to risk or loss of capital.
  • What is the nature of cash flow, liquidity and capital preservation?
  • ‘Will my retirement savings last?’

Philipp Hofflin

Portfolio manager, Lazard Asset Management

Chair

Paul Saliba

Managing director and founder, evolutionary portfolio services

11:40am – 12:20pm

BIG DATA AND TECHNOLOGY: IMPROVING THE EFFICIENCY OF ADVICE

This session will explore how technology, big data and robo-advice are reshaping advice delivery.

  • Who sits behind the algorithms and big data?
  • How is big data being used to improve the efficiency of advice delivery?
  • How is technology reshaping traditional risk profiling?
  • What’s the latest from start-ups and fintechs?
  • How can the adviser use advancements in technology to deliver more cost-effective and specialist advice?

Eraj Ghafoori

Behavioural economist, AustralianSuper

Wade Matterson

Practice leader, Australia, Milliman

Chair

Ben Marshan

Head of policy and standards, Financial Planning Association

12:20pm – 1:00pm

WHAT LIES BENEATH: HOW IS THE INDUSTRY WORKING TOGETHER TO FACILITATE MEANINGFUL PORTFOLIO COMPARISONS?

Superannuation fund members are requiring more specialist advice as they approach retirement. While some will turn to their funds for this, many more will look to specialist retirement advisers or perhaps SMSF alternatives. This session will explore what industry and retail super funds – along with the industry more broadly – are doing to help clients and advisers compare options.

  • Are super fund strategies ‘fit for purpose’ to meet future retirement challenges?
  • What information do researchers and advisers need to recommend industry fund products and for these products to be included on more approved product lists?
  • Are we doing fund members justice with their existing retirement strategies?
  • How do advisers access and use investment portfolio information?
  • How do we work together to compare retirement strategy information in industry, retail and SMSFs?

Andrew Fisher

Manager, asset allocation, Sunsuper         

Veronica Klaus

Head of investment consulting, Lonsec research

Graeme Mather

Director, Schroders

1:00pm – 2:00pm

LUNCH

2:00pm – 2:45pm

RETIREMENT OUTCOMES: GENDER IMBALANCES AND ETHICAL ISSUES

Employer contributions form the crux of savings for retirement. This leaves some segments of the population at a disadvantage. This session will look at some of the challenges and ethical issues facing retirees who have inadequate savings and explore potential solutions.

  • What can be done for women, who on average have less savings and live longer?
  • What are the impacts of divorce and hybrid families on retirement incomes?
  • What can be learned from recent research on retirement outcomes for female primary carers in Australia?

Christina Hobbs

Chief executive and founder, Verve Super

Sharon Taylor

Associate professor, Western Sydney University

Chair

Deborah Kent

Director, Integra Financial Services

2:45pm – 3:30pm

INTERGENERATIONAL WEALTH TRANSFER: CONFRONTING ESTATE PLANNING CHALLENGES

Financial planners are psychologists, Nobel laureate professor Richard Thaler says. Estate planning for modern families is emotionally charged and technically difficult to navigate. This session will look at how to have more meaningful conversations on the topic with clients.

  • Engaging with kids of retirees and your future client base
  • Ethics and grey areas around wealth transfer
  • Understanding client needs and spending time in conversations to build rapport and trust
  • Tax minimisation, testamentary trusts and philanthropy for modern hybrid families

Sarah Broady

Financial planner, The Retirement Advice Centre

Paul Evans

Partner, Makinson d’Apice Lawyers

Chair

Andrew Keay

Director, Aged Care Directions

3:30pm – 4:00pm

AFTERNOON TEA

4:00pm – 5:00pm

AGED-CARE MAELSTROM: HAVING INTERACTIVE DISCUSSIONS WITH CLIENTS

Clients can’t envisage the realities of retirement, especially when it comes to planning for frailty and aged care. This session will look at the aged-care minefield and how advisers can encourage better decision-making and have more meaningful conversations with clients.

  • The challenges of the evolving client situation, late-stage changes, and determining aged-care needs.
  • Tips for managing home care waiting lists and choosing aged-care services.
  • How to use social care theory to have more meaningful conversations with clients and/or families during periods of stress and conflict.
  • What are some of the technical and social issues to explore with clients to help encourage better decision-making?

Dianne Chalk

Principle, Hillross Fairy Meadow

Jo Fox

Director, Strengthening Practice

Chair

Louise Biti

Director, Aged Care Steps.